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1040ez 2013 Instructions

1040ez 2013 instructions 10. 1040ez 2013 instructions Business Bad Debts Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Definition of Business Bad DebtAccrual method. 1040ez 2013 instructions Cash method. 1040ez 2013 instructions Debt acquired from a decedent. 1040ez 2013 instructions Liquidation. 1040ez 2013 instructions Types of Business Bad Debts When a Debt Becomes Worthless How To Claim a Business Bad DebtSpecific Charge-Off Method Nonaccrual-Experience Method Recovery of a Bad DebtNet operating loss (NOL) carryover. 1040ez 2013 instructions Introduction You have a bad debt if you cannot collect money owed to you. 1040ez 2013 instructions A bad debt is either a business bad debt or a nonbusiness bad debt. 1040ez 2013 instructions This chapter discusses only business bad debts. 1040ez 2013 instructions Generally, a business bad debt is one that comes from operating your trade or business. 1040ez 2013 instructions You can deduct business bad debts on Schedule C (Form 1040) or your applicable business income tax return. 1040ez 2013 instructions All other bad debts are nonbusiness bad debts and are deductible only as short-term capital losses. 1040ez 2013 instructions For more information on nonbusiness bad debts, see Publication 550. 1040ez 2013 instructions Topics - This chapter discusses: Definition of business bad debt When a debt becomes worthless How to claim a business bad debt Recovery of a bad debt Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 544 Sales and Other Dispositions of Assets 550 Investment Income and Expenses 556 Examination of Returns, Appeal Rights, and Claims for Refund Form (and Instructions) Schedule C (Form 1040) Profit or Loss From Business 1040X Amended U. 1040ez 2013 instructions S. 1040ez 2013 instructions Individual Income Tax Return 1045 Application for Tentative Refund 1139 Corporation Application for Tentative Refund 3115 Application for Change in Accounting Method See chapter 12 for information about getting publications and forms. 1040ez 2013 instructions Definition of Business Bad Debt A business bad debt is a loss from the worthlessness of a debt that was either: Created or acquired in your trade or business, or Closely related to your trade or business when it became partly or totally worthless. 1040ez 2013 instructions A debt is closely related to your trade or business if your primary motive for incurring the debt is business related. 1040ez 2013 instructions Bad debts of a corporation (other than an S corporation) are always business bad debts. 1040ez 2013 instructions Credit sales. 1040ez 2013 instructions Business bad debts are mainly the result of credit sales to customers. 1040ez 2013 instructions Goods that have been sold, but not yet paid for, and services that have been performed, but not yet paid for, are recorded in your books as either accounts receivable or notes receivable. 1040ez 2013 instructions After a reasonable period of time, if you have tried to collect the amount due, but are unable to do so, the uncollectible part becomes a business bad debt. 1040ez 2013 instructions Accounts or notes receivable valued at fair market value (FMV) when received are deductible only at that value, even though the FMV may be less than the face value. 1040ez 2013 instructions If you purchased an account receivable for less than its face value, and the receivable subsequently becomes worthless, the most you are allowed to deduct is the amount you paid to acquire it. 1040ez 2013 instructions You can claim a business bad debt deduction only if the amount owed to you was previously included in gross income. 1040ez 2013 instructions This applies to amounts owed to you from all sources of taxable income, including sales, services, rents, and interest. 1040ez 2013 instructions Accrual method. 1040ez 2013 instructions If you use the accrual method of accounting, you generally report income as you earn it. 1040ez 2013 instructions You can only claim a bad debt deduction for an uncollectible receivable if you have previously included the uncollectible amount in income. 1040ez 2013 instructions If you qualify, you can use the nonaccrual-experience method of accounting discussed later. 1040ez 2013 instructions Under this method, you do not have to accrue income that, based on your experience, you do not expect to collect. 1040ez 2013 instructions Cash method. 1040ez 2013 instructions If you use the cash method of accounting, you generally report income when you receive payment. 1040ez 2013 instructions You cannot claim a bad debt deduction for amounts owed to you because you never included those amounts in income. 1040ez 2013 instructions For example, a cash basis architect cannot claim a bad debt deduction if a client fails to pay the bill because the architect's fee was never included in income. 1040ez 2013 instructions Debts from a former business. 1040ez 2013 instructions If you sell your business but retain its receivables, these debts are business debts because they arose out of your trade or business. 1040ez 2013 instructions If any of these receivables subsequently become worthless, the loss is still a business bad debt. 1040ez 2013 instructions Debt acquired from a decedent. 1040ez 2013 instructions The character of a loss from debts of a business acquired from a decedent is determined in the same way as debts acquired on the purchase of a business. 1040ez 2013 instructions The executor of the decedent's estate treats any loss from the debts as a business bad debt if the debts were closely related to the decedent's trade or business when they became worthless. 1040ez 2013 instructions Otherwise, a loss from these debts becomes a nonbusiness bad debt for the decedent's estate. 1040ez 2013 instructions Liquidation. 1040ez 2013 instructions If you liquidate your business and some of the accounts receivable that you retain become worthless, they become business bad debts. 1040ez 2013 instructions Types of Business Bad Debts Business bad debts may result from the following. 1040ez 2013 instructions Loans to clients and suppliers. 1040ez 2013 instructions If you loan money to a client, supplier, employee, or distributor for a business reason and you are unable to collect the loan after attempting to do so, you have a business bad debt. 1040ez 2013 instructions Debts owed by political parties. 1040ez 2013 instructions If a political party (or other organization that accepts contributions or spends money to influence elections) owes you money and the debt becomes worthless, you can claim a bad debt deduction only if all of the following requirements are met. 1040ez 2013 instructions You use the accrual method of accounting. 1040ez 2013 instructions The debt arose from the sale of goods or services in the ordinary course of your trade or business. 1040ez 2013 instructions More than 30% of your receivables accrued in the year of the sale were from sales to political parties. 1040ez 2013 instructions You made substantial and continuing efforts to collect on the debt. 1040ez 2013 instructions Loan or capital contribution. 1040ez 2013 instructions You cannot claim a bad debt deduction for a loan you made to a corporation if, based on the facts and circumstances, the loan is actually a contribution to capital. 1040ez 2013 instructions Debts of an insolvent partner. 1040ez 2013 instructions If your business partnership breaks up and one of your former partners becomes insolvent, you may have to pay more than your pro rata share of the partnership's debts. 1040ez 2013 instructions If you pay any part of the insolvent partner's share of the debts, you can claim a bad debt deduction for the amount you paid that is attributable to the insolvent partner's share. 1040ez 2013 instructions Business loan guarantee. 1040ez 2013 instructions If you guarantee a debt that subsequently becomes worthless, the debt can qualify as a business bad debt if all the following requirements are met. 1040ez 2013 instructions You made the guarantee in the course of your trade or business. 1040ez 2013 instructions You have a legal duty to pay the debt. 1040ez 2013 instructions You made the guarantee before the debt became worthless. 1040ez 2013 instructions You meet this requirement if you reasonably expected you would not have to pay the debt without full reimbursement from the borrower. 1040ez 2013 instructions You received reasonable consideration for making the guarantee. 1040ez 2013 instructions You meet this requirement if you made the guarantee in accord with normal business practice or for a good faith business purpose. 1040ez 2013 instructions Example. 1040ez 2013 instructions Jane Zayne owns the Zayne Dress Company. 1040ez 2013 instructions She guaranteed payment of a $20,000 note for Elegant Fashions, a dress outlet. 1040ez 2013 instructions Elegant Fashions is one of Zayne's largest clients. 1040ez 2013 instructions Elegant Fashions later defaulted on the loan. 1040ez 2013 instructions As a result, Ms. 1040ez 2013 instructions Zayne paid the remaining balance of the loan in full to the bank. 1040ez 2013 instructions She can claim a business bad debt deduction only for the amount she paid, since her guarantee was made in the course of her trade or business for a good faith business purpose. 1040ez 2013 instructions She was motivated by the desire to retain one of her better clients and keep a sales outlet. 1040ez 2013 instructions Deductible in the year paid. 1040ez 2013 instructions If you make a payment on a loan you guaranteed, you can deduct it in the year paid, unless you have rights against the borrower. 1040ez 2013 instructions Rights against a borrower. 1040ez 2013 instructions When you make payment on a loan you guaranteed, you may have the right to take the place of the lender. 1040ez 2013 instructions The debt is then owed to you. 1040ez 2013 instructions If you have this right, or some other right to demand payment from the borrower, you cannot claim a bad debt deduction until these rights become partly or totally worthless. 1040ez 2013 instructions Joint debtor. 1040ez 2013 instructions If two or more debtors jointly owe you money, your inability to collect from one does not enable you to deduct a proportionate amount as a bad debt. 1040ez 2013 instructions Sale of mortgaged property. 1040ez 2013 instructions If mortgaged or pledged property is sold for less than the debt, the unpaid, uncollectible balance of the debt is a bad debt. 1040ez 2013 instructions When a Debt Becomes Worthless A debt becomes worthless when there is no longer any chance the amount owed will be paid. 1040ez 2013 instructions This may occur when the debt is due or prior to that date. 1040ez 2013 instructions To demonstrate worthlessness, you must only show that you have taken reasonable steps to collect the debt but were unable to do so. 1040ez 2013 instructions It is not necessary to go to court if you can show that a judgment from the court would be uncollectible. 1040ez 2013 instructions Bankruptcy of your debtor is generally good evidence of the worthlessness of at least a part of an unsecured and unpreferred debt. 1040ez 2013 instructions Property received for debt. 1040ez 2013 instructions If you receive property in partial settlement of a debt, reduce the debt by the property's FMV, which becomes the property's basis. 1040ez 2013 instructions You can deduct the remaining debt as a bad debt if and when it becomes worthless. 1040ez 2013 instructions If you later sell the property for more than its basis, any gain on the sale is due to the appreciation of the property. 1040ez 2013 instructions It is not a recovery of a bad debt. 1040ez 2013 instructions For information on the sale of an asset, see Publication 544. 1040ez 2013 instructions How To Claim a Business Bad Debt There are two methods to claim a business bad debt. 1040ez 2013 instructions The specific charge-off method. 1040ez 2013 instructions The nonaccrual-experience method. 1040ez 2013 instructions Generally, you must use the specific charge-off method. 1040ez 2013 instructions However, you may use the nonaccrual-experience method if you meet the requirements discussed later under Nonaccrual-Experience Method . 1040ez 2013 instructions Specific Charge-Off Method If you use the specific charge-off method, you can deduct specific business bad debts that become either partly or totally worthless during the tax year. 1040ez 2013 instructions However, with respect to partly worthless bad debts, your deduction is limited to the amount you charged off on your books during the year. 1040ez 2013 instructions Partly worthless debts. 1040ez 2013 instructions You can deduct specific bad debts that become partly uncollectible during the tax year. 1040ez 2013 instructions Your tax deduction is limited to the amount you charge off on your books during the year. 1040ez 2013 instructions You do not have to charge off and deduct your partly worthless debts annually. 1040ez 2013 instructions You can delay the charge off until a later year. 1040ez 2013 instructions However, you cannot deduct any part of a debt after the year it becomes totally worthless. 1040ez 2013 instructions Significantly modified debt. 1040ez 2013 instructions An exception to the charge-off rule exists for debt which has been significantly modified and on which the holder recognized gain. 1040ez 2013 instructions For more information, see Regulations section 1. 1040ez 2013 instructions 166-3(a)(3). 1040ez 2013 instructions Deduction disallowed. 1040ez 2013 instructions Generally, you can claim a partial bad debt deduction only in the year you make the charge-off on your books. 1040ez 2013 instructions If, under audit, the IRS does not allow your deduction and the debt becomes partly worthless in a later tax year, you can deduct the amount you charged off in that year plus the disallowed amount charged off in the earlier year. 1040ez 2013 instructions The charge-off in the earlier year, unless reversed on your books, fulfills the charge-off requirement for the later year. 1040ez 2013 instructions Totally worthless debts. 1040ez 2013 instructions If a debt becomes totally worthless in the current tax year, you can deduct the entire amount, less any amount deducted in an earlier tax year when the debt was only partly worthless. 1040ez 2013 instructions You do not have to make an actual charge-off on your books to claim a bad debt deduction for a totally worthless debt. 1040ez 2013 instructions However, you may want to do so. 1040ez 2013 instructions If you do not and the IRS later rules the debt is only partly worthless, you will not be allowed a deduction for the debt in that tax year because a deduction of a partly worthless bad debt is limited to the amount actually charged off. 1040ez 2013 instructions See Partly worthless debts, earlier. 1040ez 2013 instructions Filing a claim for refund. 1040ez 2013 instructions If you did not deduct a bad debt on your original return for the year it became worthless, you can file a claim for a credit or refund. 1040ez 2013 instructions If the bad debt was totally worthless, you must file the claim by the later of the following dates. 1040ez 2013 instructions 7 years from the date your original return was due (not including extensions). 1040ez 2013 instructions 2 years from the date you paid the tax. 1040ez 2013 instructions If the claim is for a partly worthless bad debt, you must file the claim by the later of the following dates. 1040ez 2013 instructions 3 years from the date you filed your original return. 1040ez 2013 instructions 2 years from the date you paid the tax. 1040ez 2013 instructions You may have longer to file the claim if you were unable to manage your financial affairs due to a physical or mental impairment. 1040ez 2013 instructions Such an impairment requires proof of existence. 1040ez 2013 instructions For details and more information about filing a claim, see Publication 556. 1040ez 2013 instructions Use one of the following forms to file a claim. 1040ez 2013 instructions For more information, see the instructions for the applicable form. 1040ez 2013 instructions Table 10-1. 1040ez 2013 instructions Forms Used To File a Claim IF you filed as a. 1040ez 2013 instructions . 1040ez 2013 instructions . 1040ez 2013 instructions THEN file. 1040ez 2013 instructions . 1040ez 2013 instructions . 1040ez 2013 instructions Sole proprietor or farmer Form 1040X Corporation Form 1120X S corporation Form 1120S and check box H(4) Partnership Form 1065X if filing on paper or Form 1065 and check box G(5) if filing electronically Nonaccrual-Experience Method If you use an accrual method of accounting and qualify under the rules explained in this section, you can use the nonaccrual-experience method for bad debts. 1040ez 2013 instructions Under this method, you do not accrue service related income you expect to be uncollectible. 1040ez 2013 instructions Because the expected uncollectible amounts are not included in income, these amounts are not later deducted from income. 1040ez 2013 instructions Generally, you can use the nonaccrual-experience method for accounts receivable for services you performed only if: The services are provided in the fields of accounting, actuarial science, architecture, consulting, engineering, health, law, or the performing arts, or You meet the $5 million gross receipts test for all prior years. 1040ez 2013 instructions Service related income. 1040ez 2013 instructions You can use the nonaccrual-experience method only for amounts earned by performing services. 1040ez 2013 instructions You cannot use this method for amounts owed to you from activities such as lending money, selling goods, or acquiring receivables or other rights to receive payment. 1040ez 2013 instructions Gross receipts test. 1040ez 2013 instructions To find out if you meet the $5 million gross receipts test for all prior years, you must figure the average annual gross receipts for each prior year. 1040ez 2013 instructions If your average annual gross receipts for any year exceeds $5 million, you cannot use the non-accural experience method. 1040ez 2013 instructions The average annual gross receipts for any year is the average of gross receipts from the year in question and the 2 previous years. 1040ez 2013 instructions For example, if you were figuring the average annual gross receipts for 2013, you would average your gross receipts for 2011, 2012, and 2013. 1040ez 2013 instructions Interest or penalty charged. 1040ez 2013 instructions Generally, you cannot use the nonaccrual-experience method for amounts due on which you charge interest or a late payment penalty. 1040ez 2013 instructions However, do not treat a discount offered for early payment as the charging of interest or a penalty if both the following apply. 1040ez 2013 instructions You otherwise accrue the full amount due as gross income at the time you provide the services. 1040ez 2013 instructions You treat the discount allowed for early payment as an adjustment to gross income in the year of payment. 1040ez 2013 instructions Change in accounting method. 1040ez 2013 instructions Generally, you must obtain consent to change to a nonaccrual-experience method (other than one of the safe harbor methods) or to change from one method to another. 1040ez 2013 instructions See Form 3115 and the Instructions for Form 3115 for more information. 1040ez 2013 instructions Recovery of a Bad Debt If you claim a deduction for a bad debt on your income tax return and later recover (collect) all or part of it, you may have to include all or part of the recovery in gross income. 1040ez 2013 instructions The amount you include is limited to the amount you actually deducted. 1040ez 2013 instructions However, you can exclude the amount deducted that did not reduce your tax. 1040ez 2013 instructions Report the recovery as “Other income” on the appropriate business form or schedule. 1040ez 2013 instructions See Recoveries in Publication 525 for more information. 1040ez 2013 instructions Net operating loss (NOL) carryover. 1040ez 2013 instructions If a bad debt deduction increases an NOL carryover that has not expired before the beginning of the tax year in which the recovery takes place, you treat the deduction as having reduced your tax. 1040ez 2013 instructions A bad debt deduction that contributes to a NOL helps lower taxes in the year to which you carry the NOL. 1040ez 2013 instructions For more information about NOLs, see Publication 536. 1040ez 2013 instructions Also, see the Instructions for Form 1045, and the Instructions for Form 1139. 1040ez 2013 instructions Prev Up Next Home More Online Publications

Shopping for a Home Mortgage

Question to Ask When Shopping for a Mortgage

When shopping for a home mortgage make sure you obtain all the relevant information:

Research current interest rates. Check the real estate section of your local newspaper, use the Internet, or call at least six lenders for information.

Check the rates for 30-year, 20-year and 15-year mortgages. You may be able to save thousands of dollars in interest charges by getting the shortest-term mortgage you can afford.

Ask for details on the same loan amount, loan term, and type of loan from multiple lenders so that you can compare the information. Be sure to get the Annual Percentage Rate (APR), which takes into account not only the interest rate but also points, broker fees, and other credit charges expressed as a yearly rate.

Ask whether the rate is fixed or adjustable. The interest rate on adjustable rate mortgage loans (ARMs) can vary a great deal over the lifetime of the mortgage. An increase of several percentage points might raise payments by hundreds of dollars per month.

If a loan has an adjustable rate, ask when and how the rate and loan payment could change.

Find out how much down payment is required. Some lenders require 20% of the home's purchase price as a down payment. But many lenders now offer loans that require less. In these cases, you may be required to purchase private mortgage insurance (PMI) to protect the lender if you fall behind on payments.

If PMI is required, ask what the total cost of the insurance will be. How much will the monthly mortgage payment be when the PMI premium is added and how long you will be required to carry PMI?

Ask if you can pay off the loan early and if there is a penalty for doing so.

There is a long list of sources for mortgages loans: mortgage banks, mortgage brokers, banks, thrifts and credit unions, home builders, real estate agencies and Internet lenders.

Tips for Working with Lenders

Get recommendations: Ask friends and family members for suggestions, especially if they've recently obtained a loan.

Check credentials: Mortgage bankers are regulated by either your state's department of banking or division of real estate. Check with the one appropriate to your state to see if a lender is in good professional standing. Mortgage brokers may be state regulated or not. If not, check with the local chapter of the National Association of Mortgage Brokers or the Better Business Bureau to see if their record is clean.

Do your homework: Learn about typical mortgages and ask questions when something looks amiss; a broker may be trying to pad closing costs or other fees at your expense.

Take care online: There are plenty of attractive deals online, but first make sure you're dealing with a reliable broker or lender.

If you're working with a broker, the National Consumer Law Center recommends you demand to know how much the broker is making from the lender as well as from any fees you might be paying. It's best to get this information upfront and in writing. Avoid a broker who is double-dipping-getting a fat premium from the lender, as well as fees from you.

The Real Estate Settlement Procedures Act (RESPA) requires lenders to give you information on all closing costs and escrow account practices. Any business relationships between the lender and closing service providers or other parties to the transaction must also be disclosed. Many of the fees are negotiable. More information is available from the Federal Trade Commission, the Federal Reserve Board, and the Department of Housing and Urban Development.

For more information on home buying and mortgages, visit Fannie Mae's website or call 202-752-7000.

About USA.gov

The 1040ez 2013 Instructions

1040ez 2013 instructions Publication 535 - Introductory Material Table of Contents IntroductionOrdering forms and publications. 1040ez 2013 instructions Tax questions. 1040ez 2013 instructions Future Developments What's New for 2013 What's New for 2014 Reminders Introduction This publication discusses common business expenses and explains what is and is not deductible. 1040ez 2013 instructions The general rules for deducting business expenses are discussed in the opening chapter. 1040ez 2013 instructions The chapters that follow cover specific expenses and list other publications and forms you may need. 1040ez 2013 instructions Comments and suggestions. 1040ez 2013 instructions We welcome your comments about this publication and your suggestions for future editions. 1040ez 2013 instructions You can send your comments to: Internal Revenue Service Tax Forms and Publications SE:W:CAR:MP:TFP 1111 Constitution Ave. 1040ez 2013 instructions NW, IR-6526 Washington, DC 20224 We respond to many letters by telephone. 1040ez 2013 instructions Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 1040ez 2013 instructions You can send us comments from www. 1040ez 2013 instructions irs. 1040ez 2013 instructions gov/formspubs/. 1040ez 2013 instructions Click on “More Information” and then on “Give us feedback. 1040ez 2013 instructions ” Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax publications. 1040ez 2013 instructions Ordering forms and publications. 1040ez 2013 instructions Visit www. 1040ez 2013 instructions irs. 1040ez 2013 instructions gov/formspubs/ to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. 1040ez 2013 instructions Internal Revenue Service 1201 N. 1040ez 2013 instructions Mitsubishi Motorway Bloomington, IL 61705-6613 We cannot answer tax questions sent to either the “Comments and suggestions” or “Ordering forms and publications” address. 1040ez 2013 instructions Tax questions. 1040ez 2013 instructions If you have a tax-related question, please go to Help With Tax Questions on IRS. 1040ez 2013 instructions gov. 1040ez 2013 instructions If you've looked around our site and still didn't find the answer to your general tax question, please call our toll-free tax assistance line at 1-800-829-1040 for individual tax questions or 1-800-829-4933 for business tax questions. 1040ez 2013 instructions Future Developments For the latest information about developments related to Publication 535, such as legislation enacted after it was published, go to www. 1040ez 2013 instructions irs. 1040ez 2013 instructions gov/pub535. 1040ez 2013 instructions What's New for 2013 The following items highlight some changes in the tax law for 2013. 1040ez 2013 instructions Optional safe harbor method to determine the business use of a home deduction. 1040ez 2013 instructions Beginning in 2013, you can use the optional safe harbor method to determine the deduction for the business use of your home. 1040ez 2013 instructions For more information, see chapter 1. 1040ez 2013 instructions Standard mileage rate. 1040ez 2013 instructions Beginning in 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56. 1040ez 2013 instructions 5 cents per mile. 1040ez 2013 instructions For more information, see chapter 11. 1040ez 2013 instructions Additional Medicare Tax. 1040ez 2013 instructions Beginning in 2013, a 0. 1040ez 2013 instructions 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 if single, head of household, or qualifying widow(er) with dependent child. 1040ez 2013 instructions Medicare wages and self-employment income are combined to determine if your income exceeds the threshold. 1040ez 2013 instructions RRTA compensation should be separately compared to the threshold. 1040ez 2013 instructions For more information, see chapter 5 or visit www. 1040ez 2013 instructions irs. 1040ez 2013 instructions gov and enter the following words in the search box: Additional Medicare Tax. 1040ez 2013 instructions Retiree drug subsidy. 1040ez 2013 instructions Beginning in 2013, sponsors of certain qualified retiree prescription drug plans must account for the subsidy received by reducing the amount of qualified retiree prescription drug plans expense by the subsidy received (taking into account the taxpayer's accounting method). 1040ez 2013 instructions For more information, visit www. 1040ez 2013 instructions irs. 1040ez 2013 instructions gov and enter the following words in the search box: Retiree drug subsidy. 1040ez 2013 instructions What's New for 2014 The following item highlights a change in the tax law for 2014. 1040ez 2013 instructions Standard mileage rate. 1040ez 2013 instructions Beginning in 2014, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56 cents per mile. 1040ez 2013 instructions Film and television productions costs. 1040ez 2013 instructions The election to expense film and television production costs does not apply to productions that begin in 2014. 1040ez 2013 instructions For more information, see chapter 7. 1040ez 2013 instructions Reminders The following reminders and other items may help you file your tax return. 1040ez 2013 instructions IRS e-file (Electronic Filing) You can file your tax returns electronically using an IRS e-file option. 1040ez 2013 instructions The benefits of IRS e-file include faster refunds, increased accuracy, and acknowledgment of IRS receipt of your return. 1040ez 2013 instructions You can use one of the following IRS e-file options. 1040ez 2013 instructions Use an authorized IRS e-file provider. 1040ez 2013 instructions Use a personal computer. 1040ez 2013 instructions Visit a Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) site. 1040ez 2013 instructions For details on these fast filing methods, see your income tax package. 1040ez 2013 instructions Form 1099 MISC. 1040ez 2013 instructions File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year in the course of your trade or business at least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, and crop insurance proceeds. 1040ez 2013 instructions See the Instructions for Form 1099-MISC for more information and additional reporting requirements. 1040ez 2013 instructions Photographs of missing children. 1040ez 2013 instructions The Internal Revenue Service is a proud partner with the National Center for Missing & Exploited Children. 1040ez 2013 instructions Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 1040ez 2013 instructions You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) (24-hours a day, 7 days a week) if you recognize a child. 1040ez 2013 instructions Prev Up Next Home More Online Publications